A statement released today by Warburg Research about Nemetschek(ETR:NEM) raises the target price to 60EUR

August 10, 2016

Finance News

Just yesterday Nemetschek (ETR:NEM) traded 1.27% higher at 54.76EUR. NEM’s 50-day moving average is 41.23EUR and its two hundred day average is 32.15EUR. With the last stock price up 41.74% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has increased 0.00% over the same time. Trading volume was was down over the average, with 6,344,544 shares of NEM changing hands under the typical 8,472,290 shares..

Stating a possible upside of 0.10%, Warburg Research bumped the price target of Nemetschek (ETR:NEM) to 60EUR

On 7/25/2016, equinet AG reported on Nemetschek(ETR:NEM) recommending “Neutral” with a target price of 41EUR. At the time, this indicated a possible downside of -0.23%.

See Graphic Below:

Nemetschek (ETR:NEM)

A total of 17 firms have issued a research note on Nemetschek. One analyst rate the company a strong buy, eight firms rate the company a buy, 10 firms rate the stock a hold, one brokerage rate the stock to underperform, and finally zero firmsrate the company as sell with a consensus target stock price of 35.35EUR

Nemetschek has a price-earnings of 616 with a one-year low of 15.39EUR and a 52 week high of 46.02EUR. Nemetschek’s market cap is presently 24.2B EUR.

Brief Synopsis About Nemetschek (ETR:NEM)

Nemetschek AG is a Germany-based holding company engaged in the provision of software solutions for architecture and construction industries, including architects, structural designers, civil and specialist engineers, as well as for technical facility management and commercial property management, as well as visualization software for architecture, film and advertising. It operates four business segments: Design; Build; Manage, and Multimedia. The Design business segment offers primarily programs for CAD (computer-aided design) and CAE (computer-aided engineering) for planning component-oriented design. The Build business segment comprises all products and solutions that deal with commercial and technical cost and work invoicing. The Manage business segment’s product portfolio aims at commercial real estate and the housing industry. The Multimedia business segment provides 3D (3-dimensional) software for visualization and animation. In November 2013, and it acquired Data Design System ASA.

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